NY A03876 | 2011-2012 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 22-1)
Status: Introduced on January 28 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to housing
Pending: Assembly Housing Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 28 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to housing
Pending: Assembly Housing Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Establishes a reverse loan mortgage loan program for low income seniors; provides for the state of NY mortgage agency to establish many of the parameters for the implementation of the program; defines terms; requires a care needs assessment of each applicant; further provides that area agencies on aging shall provide counseling and assistance to applicants; directs the state of New York mortgage agency to issue an annual report to the governor and the legislature.
Title
Establishes a reverse loan mortgage loan program for low income seniors; provides for the state of NY mortgage agency to establish many of the parameters for the implementation of the program; defines terms; requires a care needs assessment of each applicant; further provides that area agencies on aging shall provide counseling and assistance to applicants; directs the state of New York mortgage agency to issue an annual report to the governor and the legislature.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-01-04 | Assembly | referred to housing |
| 2011-01-28 | Assembly | referred to housing |
Same As/Similar To
S00639 (Same As) 2012-01-04 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
